Some have argued that Vivek Wadhwa's claim that industry clustering isn't important is off the mark, i.e., companies still like to locate where others in their field are located. How would respond to that?
Most successful clusters have been created organically - rather than by design. The concept of creating a brand spanking new research park adjacent to a university and hoping to lure large-scale corporate relocations just hasn't worked. More
- Les Cranmer, Senior Managing Director, Savills Studley
Why are ED agencies still so focused on attracting "new economy" companies when their viability has been in question?
It is important not only to focus on attraction of companies, but also to balance an economic development portfolio of programs around retention, re-invention, startups, and attraction. More
- Richard A. Bendis, President and CEO, Innovation America